Liam Fox Quotes

Now we are raising the debt limit 3 times, up to $8 trillion, so that our children and our grandchildren will have to pay for the cost of our expenditures.

The deficit is potentially Ronald Reagan’s Vietnam.

The first pork-barrel bill that crosses my desk, I'm going to veto it and make the authors of those pork-barrel items famous all over America.

Everyone wants to live at the expense of the state. They forget that the state wants to live at the expense of everyone.

You know, Hoosiers recognize pork when we see it. And they recognize what bailing out every failing business in America means - We're burying generations under a mountain range of debt.

My friend Paul Ryan talks about fiscal responsibility, but voted to put two wars on a credit card.

Now, so, if you want to blame someone for wasteful spending, the Republicans are in the majority.

I don't want to remember 2005 as a year that the government heaped unnecessary burdens upon American families. Stealing from the poor and middle class and giving to the rich, while increasing the deficit, is hardly responsible.

Either we start cutting the government and shrinking the size of government, or else we're going to face the political wrath of the American people.

The politicians in Washington are spending trillions of dollars of our money. When are Americans going to stand up and say enough is enough?

There is no escape from the cost of public needs.

Christmas is a time when kids tell Santa what they want and adults pay for it. Deficits are when adults tell the government what they want—and their kids pay for it.

Advocates of pump priming forget that they are draining the well.

Having billions of dollars immediately available to plug budget holes without raising taxes is very appealing. And to the delight of Wall Street investors, state and local governments often fail to ask the important questions or consider the long-term impact.

There's no time, place, or purpose of a government shutdown or default.

Tea Party attendees and health care town-hall protesters share the common belief that the extravagant spending of President Obama and the Democratic Party - absent any checks and balances - will eventually lead more people into government dependency, higher taxes, and, perhaps, our country's financial ruin.

While security of national leadership is of paramount significance, expenditure on permanent civil structures at the family home of the prime minister and chief minister from public exchequer will be a burden on their conscience.

Don't expect liberals to weigh the costs of their sweet-sounding policies.

When a business or an individual spends more than it makes, it goes bankrupt. When government does it, it sends you the bill. And when government does it for 40 years, the bill comes in two ways: higher taxes and inflation. Make no mistake about it, inflation is a tax and not by accident.

I must be absolutely clear about this. Britain cannot accept the present situation on the Budget. It is demonstrably unjust. It is politically indefensible: I cannot play Sister Bountiful to the Community while my own electorate are being asked to forego improvements in the fields of health, education, welfare and the rest.

I'm ashamed of what has happened to Canada. And I'm not leaving a $1.5 trillion deficit to my kids. No chance in hell is that happening.

Outrageous fiscal mendacity is neither historically normal nor bipartisan. It’s a modern Republican thing.

Too many members of Congress are too involved in grabbing what they can for their states or districts without enough emphasis on overall fiscal restraint for the sake of the nation as a whole. We need a new era of fiscal sanity. I am not willing to subject my children and grandchildren to the level of debt that Congress has created.

We have, during his regime, during President Obama's regime, we've doubled our national debt. We're up to $20 trillion.

As far as I know, we have never before decided to fight a war with borrowed money and ask generations that come after us to pay for it.